Monetary Policy, Customer Capital, and Market Power, with D. Zeke, 2020, R&R Journal of Monetary EconomicsCarnegie-Rochester-NYU Conference on Public Policy, 2020
Summary: We study the role of customer capital and firm heterogeneity in determining a contractionary channel of monetary policy.
Markups, Intangible Capital, and Heterogeneous Financial Frictions, with C. Altomonte, D. Favoino and T. Sonno, 2020
Summary: We study the interaction between financial frictions and intangible investment decisions in manufacturing firms and its implications for markups' dynamics.
Summary: We characterize import prices and pass-through elasticities in firm-to-firm trade with two-sided market power and heterogeneity.
Summary: I provide micro-level evidence on importers' market power in input trade and evaluate its effect on the aggregate economy.
Summary: We analyze the markups and pass-through implications of a number of demand functions that have been used in international economics as alternatives to CES.